Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

  • Big oil companies said their 2021 profits were $66.7 billion.

    The whopping 2021 profits of Shell and BP triggered calls for a windfall tax on the profits of energy firms in the UK

    French Presidential candidate Yannick Jadot also spoke out against profits made "on the back of French men and women"

  • The Saudi Stock Exchange’s main index TASI started and ended the week with a 0.5 percent rise despite the fluctuation.

    Al-Rajhi Bank and Riyad Bank led the Saudi index higher on Sunday as both saw their shares rise by 0.5 percent

    TASI continued to fall on Wednesday, as it offset losses in the financial sector with increases in the telecommunications industry

  • The market is expected to grow at an annualized growth rate of 3.2 percent, from $26.5 billion in 2021 to...

    UAE's GWP share is predicted to rise at a CAGR of 4.1% between 2021 and 2026

    A CAGR of 1.6% is predicted for Saudi Arabia thanks to Vision 2030 infrastructure plans

  • Armenia will be the official guest of honor this year due to its rich and diverse cultural stock, while Indonesia...

    The Sharjah Institute for Heritage (SIH) announced that the festival’s slogan will be "The Heritage and the Future"

    A total of 33 countries would participate in the event including Saudi Arabia, Oman, Kuwait and Qatar from GCC

  • Turkish President Recep Tayyip Erdogan on Saturday slashed sales tax on dairy products, fruit, vegetables and other basic food items...

    The rising cost of living has become a major source of public discontent in Turkey, where it is expected to feature prominently in next year's presidential election

    Inflation hit 48.69 percent in January, the highest level since Erdogan's Islamic-rooted party stormed to power two decades ago

  • Radisson Blu has been hired to manage and operate a new four-star resort with retail stores in Al-Ahsa governorate.

    The property will be developed by the Saudi Tourism Development Fund and the Abdul Latif Al Abdul Latif Hotel Group

    The project's annual gross domestic product is expected to be as much as SR42 million ($11.2 million)

  • Saudi Arabia has recruited more than 75,000 overseas domestic workers in December 2021, a fifteen percent jump in the hiring,...

    New contracts for workers in domestic-facing roles exceeded 76,000 in December 2021, compared to 69,000 in November and 65,000 in October

    Bangladesh topped the list of countries of workers recruited into Saudi Arabia during the month of December with more than 12,000 contracts

  • ADNOC Distribution has reported that its EBITDA stood at AED 3.1 billion, with net profit of AED2.2 billion for 2021.

    For the fourth quarter of 2021, EBITDA was AED802 million, while net profit stood at AED571 million

    ADNOC Distribution saw quarter-on-quarter growth in total fuel volumes in 2021, with an increase of 4% in the fourth quarter compared to the third

  • DP World’s has announced ₤1 million investment to two Earthshot Prize Finalists, designed to scale their work in the UAE...

    The Innovation Showcase profiled the ground-breaking solutions from the 2021 Earthshot Prize finalists

    Prince William lauded the DP World's gesture during his visit to Middle East

  • Kuwait's Youth Authority on Saturday, February 12, launched the second edition of the ‘professional initiator’ program

    The program aims to diversify productivity, helping young citizens launch startups in the private sector

    It is also expected to provide more opportunities for medium and small enterprises at different levels